How to increase $1,000 to over $10,000 dollars in 2010

As investors what should be your concern is how to develop your capital, so I have always been thinking like this and that's what has help me up till date.

Here is how $1000 forex trading account can turn into over $10,000 with your trading plan. So many people trading forex today doest not have any trading plan but don't worry I will help you develop one, so get this. Let say you target 20 pips a day on a mini account for about 25 trades and set 10 pips loss, on 15 trades you will be having $350. So repeat this process for an average of 3 months period your account would be grown to $2035. If you repeat this method you will be having $3785.

I used to write down how many pips or dollars I wish to make daily and after that I will now go into trading knowingfully well what I want in that trade. That's what all investors should be doing before trading at all. I have almost loss all the money I have before I understand this method; you must have a decent trading plan.

Before you drop a dime to trade, pls ask yourself this questions what kinds of trades achieve profitability consistently? What skills are required to consistently make 20 pips monthly? What do I want to achieve in the long run as a trader? What is my current skills level and what new skills level do l hope to attain? How disciplined am I in following whatever plans I develop?

Now pick the questions one by one and answer it, if you need to correct the way you used to trade before better do and always follow the process I have mentioned above, the last thing I will say is that you should develop a plan and stick to your plan. This will help you to discipline yourself, so keep trading and keep making profit.

Forex Mutant

Not much is revealed about Forex Mutant except that the developer of the system is adamant that people are kept in the dark concerning forex trading. The product has a lot of statistic graphs showing what the software is capable of but maybe to the average forex newbie it does not mean much in so far as understanding the meaning of the data presented. Having said that maybe a newcomer on the forex market does not want to know the inner workings of a system or software and couldn't care less as long as the product works and delivers what it claims to do.

Forex Mutant claims the product does not need any advanced technical setup procedures to get started unlike some forex robots that claim to be simple but once installed need highly advanced input data to get going. Most forex robots or software products claim the way to decide whether their product is viable is to compare it with another product and if a person did not see results with the other product then theirs claim to deliver the goods. Forex Mutant software also provides a no risk environment as no trades are executed without the permission of the operator of the system.

Lee Campbell developed Forex Mutant with one goal in mind and that was to level the playing field when it comes to forex trading as he claims ordinary people are not being told the truth about trading forex. In essence the software generates buy/sell signals claiming these signals are extremely accurate. These signals only need to be copied and pasted to a person's trading platform. This essentially means in order to use the software a trading platform is required although to some people this might seem obvious but maybe not to a newcomer that wants to start with trading. There is absolutely no difficulty involved installing the software and like most systems it works with any currency pairs and there is no minimum trading amount required. Various bonuses are offered with the package and it is claimed to be available only to a pre determined number of buyers.

© Reviewed Best 2009 - 2010

Forex Usdbot Review - Forex Usdbot Scam

USDBOT is the freshest, to the highest degree modern automated forex trading robot to hit the forex market Of All Time. You have likely already seen the rumors in the recent months about a game-changing forex robot being prepared by veteran forex traders . This is it. Everything is laid large open and USDBOT is no more longer the hush-hush, below the wraps, internal trading system.

I am old Suresh Mark , and so I didnt think anything could shock and raise up the forex forex market. I simply thought this was some marketing hype and fiction. Even So, to my surprise, I followed incorrect, utterly and absolutely wrong. USDBOT has made the forex market by surprise and is about to set a new general in automated forex trading.

True, I am at a loss of words Stunned, Offended, and in utter Unbelief.

What I am about to show you IS leading to blow your judgment away, Promise. Keep your breather

I simply received a validation paginate from USDBOT with 3 Video Testimonies from beta-testers who have been hard out the USDBOT System Of Rules for the recent several workweeks. These testimonials have been recorded in the last few days and express 3 forex traders using the USDBOT System successfully to gain profits.

Check it out here :USDBOT Official Site.

- $1000 to $1524.70 in 11 Days - $5000 to $8186.91 in 21 Days - $10000 to $21,413.79 in 89 Days

These ARENT written testimonials or numerous bogus trash slapped up on a page. These are forex traders sharing their experiences and their views of the USDBOT System. Personally, I trust that there is no more better proof than online traders partaking their thoughts on a system of rules, equally they are the best judge and they have long time of forex experience to substitute their surveys.

Im sure thousands of traders will follow accessing these video recording testimonials so be quick about it, and if they dont loading precise aside, just be patient and they will!

How To" Start Trading The Forex Market? (Part 5)

What are *PIPS* ?

Currencies are traded on a price/ point (pip) system. Each currency pair has its own pip value.

When you see a FOREX price quote, you'll see something listed like this:

EUR/USD 1.2210/13

Explanation:

a) If you want to BUY the EUR/USD ( meaning you BUY EUROS and SELL US$ ) you buy 100,000 EUROS and you SELL 122,130 US$, or in other words you receive 122,130 US$ for 100,000 EUROS.

B) If you want to SELL the EUR/USD ( meaning you SELL EUROS and BUY US$ ) you buy 122,100 US$ and sell 100,000 EUROS, or in other words you receive 100,000 EUROS for 122,100 US$.

The difference between the bid and the ask price is referred to as the spread. In the example above, the spread is 3 or 3 pips.

Since the US dollar is the centerpiece of the FOREX market, it is normally considered the 'base' currency for quotes. In the "Majors", this includes USD/JPY, USD/CHF and USD/CAD. For these currencies and many others, quotes are expressed as a unit of $1 USD per the second currency quoted in the pair.

For example a quote of USD/CHF 1.3000 means that fore one U.S. dollar you receive 1.30 Swiss Francs. or in other words, you receive 1.30 Swiss Franc for each 1 US$.

When the U.S. dollar is the base unit and a currency quote goes up, it means the dollar has appreciated in value and the other currency has weakened. If the USD/CHF quote above increases to 1.3050 the dollar is stronger because it will now buy more Swiss Franc than before.

The three exceptions to this rule are the British pound (GBP), the Australian dollar (AUD) and the Euro (EUR). In these cases, you might see a quote such as EUR/USD 1.2080, meaning that for EURO you receive 1.2080 U.S. Dollars.

In these three currency pairs, where the U.S. dollar is not the base rate, a rising quote means a weakening dollar, as it now takes more U.S. dollars to equal one Euro, British pound or an Australian dollar.

In other words, if a currency quote goes higher, that increases the value of the base currency. A lower quote means the base currency is weakening.

Currency pairs that do not involve the U.S. dollar are called cross currencies, but the calculation is the same. For example, a quote of EUR/JPY 134.50 signifies that one Euro is equal to 134.50 Japanese yen.

HOW TO BUY ( going " LONG ")and SELL ( going " SHORT ") in the FOREX Market?

Keep in mind 2 very important rules:

RULE # 1) Cut your LOOSING trades and let your WINNING trades RUN

YOU WILL HAVE LOSING TRADES. Every FOREX trader has. The secret is, that a consistent, disciplined trader, at the end of the day, adds up more winning trades than losing trades.

When you and see on your charts, without any doubt, that you are in a losing trade, don't keep losing money. Most of the novice traders are lowering their stop loss just to "prove they are right" or "hoping that the market will reverse". 99% of these trades, are ending up with more losses. Most of the profitable trades are usually "right" immediately.

Remember, smart traders know there are many other opportunities. CUT your losses short and compound those winning positions.

RULE 2) NEVER EVER trade FOREX without placing a Stop Loss Order.

PLACE a STOP order, right along with your ENTRY order, via your online trading station, to prevent potential losses.

Before initiating any trade, you have to calculate at what point ( price) you would be wrong, because the market changed direction, and would want to cut your losses.

To make profits, in the FOREX, a trader can enter the market with a *buy position* (known as going "long") or a *sell position* (known as going "short").

As an example let's assume you've been studying the EURO. The EURO is paired first with the U.S. dollar or USD.

Your trading methods, rules, strategies, etc., tell you that the EURO will rice in the next 2 weeks, So you buy the EUR/USD pair meaning you will simultaneously buy EUROS, and SELL dollars).

You open up your excellent trading station software (provided to you for free by Fenix Capital Management, LLC www.fenixcapitalmanagement.com ) and you see that the EUR/USD pair is trading at:

EUR/USD: 1.2010/1.2013

As you you believe that the market price for the EUR/USD pair will go higher, you will enter a *buy position* in the market.

As an example, lets say you bought one lot EUR/USD at 1.2013. As long as you sell back the pair at a higher price, then you make money.

To illustrate a typical FX SELL trade, consider this scenario involving the USD/JPY currency pair:

REMEMBER Selling ("going short") the currency pair implies selling the first, base currency, and buying the second, quote currency. You sell the currency pair if you believe the base currency (USD) will go down relative to the quote currency (JPY), or equivalently, that the quote currency (JPY) will go up relative to the base currency (USD).

HOW TO CALCULATE PROFIT OR LOSS?

The Profit Calculations, on the Short-sell trade scenario below, may seem somewhat complicated if you've never been in the FOREX market before, but this process is continually calculated through your broker trade station (software). I show you this process below so you can SEE how a PROFIT might occur.

The current bid/ask price for USD/JPY is 107.50/107.54, meaning you can buy $1 US for 107.54 YEN, or sell $1 US for 107.50 YEN.

Suppose you think that the US Dollar (USD) is overvalued against the YEN (JPY). To execute this strategy, you would sell Dollars (simultaneously buying YEN), and then wait for the exchange rate to rise.

Your trade would be the following: you sell 1 lot USD (US $100,000) and you buy 1 lot JPY (10,754.000 YEN). (Remember, at 0.25 % margin, your initial margin deposit for this trade would be $ 250.)

As you expected, USD/JPY falls to 106.50/106.54, meaning you can now buy $1 US for $106.54 Japanese YEN or sell $1 US for 106.50.

Since you're short dollars (and are long YEN), you must now buy dollars and sell back the YEN to realize any profit.

You buy US $100,000 at the current USD/JPY rate of 106.54, and receive 10,654,000 YEN. Since you originally bought (paid for) 10,754,000 YEN, your profit is 100,000 YEN.

To calculate your P&L in terms of US dollars, divide 100,000 by the current USD/JPY rate of 106.54

Total profit = US $938.61

Online Trading

2010

Day trading is the same base idea as any other sort of trading with one massive difference : day traders barely hold a position with a stock overnight. Stocks are acquired and sold in the matter of hours- hopefully for the trader with quick profits. Due to the really speed that these transactions are made, day traders risk more than more traditional traders do, and the stocks that they trade in are more unsteady and far more unpredictable. In the world of day trading, there are many sub-types and each has its own benefits and drawbacks and is going to be researched totally. online trading

Though day traders do trade on many markets, with many types of financial vehicles, they do the overwhelming majority of their high speed trading on the internet. In fact, the times of the Wall Street market scene are falling away, as more of the trading is being done on a huge computer network. NDX is totally electronic now, while the NYSE only does a portion of its activities on the internet. The world is moving far too fast for the traders to remain competitive if they don't seem to be able to move as fast as the slowest computer- the traders that may evolve will succeed, the ones who cannot will retire, hopefully with a nice nest egg.

For each failed day trader, there are numerous others ready to saddle up and take the opportunity to make their fortune and their names on the back of some quick, but good trades. online trading

Futures is a dodgy market for plenty of reasons, most notably because not everything can be forecasted or foreseen.

Day traders can move many thousands of dollars on the foreign exchange market, and never once visit any of the states that they're trading with. While the forex market has barely less harsh restrictions and rules, they aren't completely rule-less and you must know the ins and outs of this very fast moving market before even trying your hand at it.

At least till you have made enough trades to be ok with the process, you need to stick to simple stocks. online trading

Undisciplined or illiterate trading is not only dangerous ; it can weaken the entire market system. As more traders fail in bigger and more public ways, the general public becomes more scared and less certain to invest any money at all into the market at large. The extra cash that stays in banks or at home in empty peanut butter jars means that far less flowing into the stock market and into new and growing companies. If those businesses can't manage to show a profit reasonably shortly into their operation, they're going to fold. If one more business folds, then public confidence will fade even farther, and the cycle is repeated. While the whole economic downturn can't be blamed on reckless day traders, they definitely aren't helping in the future.